Edtech startup Leverage secures seed funding from angel investors

Leverage, a Delhi-based education technology startup, has raised an undisclosed amount in its seed funding round from a bunch of angel investors.

The round was led by Kashyap Deorah, a serial entrepreneur and the author of The Golden Tap: The Inside Story of Hyper Funded Indian Startups, and Anand Sankeshwar, managing director at transportation firm VRL Logistics.

Other investors who participated in the current funding round include Apple finance executive Arjun Mehta; Hypertrack founder Kashyap Deorah and VRL Logistics managing director Anand Sankeshwar.

The newly raised funding will now be used by the company to strengthen its product and technology in artificial intelligence and hire talent to expand operations.

The startup was founded by former chief marketing officer at Babajob, Akshay Chaturvedi, and education executive Rajiv Ganjoo. The platform targets students of grade 8 and higher for the career assessment programme.

Akshay Chaturvedi, co-founder of the startup, said, “Our SaaS platform helps the aspiring student work on the applications, get on-demand mentoring, give access to education loans and forex, living and much more. We are passionate about helping folks build awesome careers, and live through that entire journey with them.”

Leverage, which is just a five-month old startup, operates in the higher education space, runs a career assessment and mentorship programme. It matches students with over 2,500 colleges outside India through its panel of 100-plus experts.

The portal also uses machine learning to help students build academic profiles, including writing papers and filing for patents for the selection process.